SNK Beijing Corporation announced that it will issue 40,690,000 common share for a gross proceeds of CNY 200,000,000 on December 16, 2019. The transaction will include participation from returning investor Snk Corporation (KOSDAQ:A950180). Post to the transaction, the investor will retain 100% stake in the company. The transaction has been approved by the board of directors of the investor and is subject to approval of Chinese government. The payment date for shares is March 31, 2020.